Can renters choose their Padder Guarantor coverage amounts?

No, renters cannot choose their Padder Guarantor coverage amounts. The price and coverage are determined after underwriting, based on several factors:

• Renter’s Credit Score: Higher credit scores may lead to lower costs.
• Amount of Coverage Selected by the Landlord: The landlord chooses the coverage amount.
• Provincial/Territorial Regulations: Rates are filed and approved by regulators and may vary by location.
• Monthly Rent: The cost is proportional to the monthly rent.

Shared Expense:

• The cost is per lease, not per renter, allowing roommates to share the expense.